UK government pledges funding for low-carbon vehicles

Today, The UK’s innovation agency – the Technology Strategy Board has announced that the Government is looking to speed up the commercialization of low-carbon vehicle technologies with both public and private sector investment totaling £56m.

Over £27m of public funding, along with £29m of private sector money, will be invested in 17 research and development projects led by carmakers such as Ford, Jaguar and Nissan.

Transport Minister, Norman Baker commented “Accelerating the commercialization of low-carbon vehicle technologies will help to achieve our challenging climate change targets as well as creating new jobs, and increasing opportunities for UK businesses on the world stage.”

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